As far as I know, Bitcoin is a currency which is used in a digital system and used by a community.
Whereas money is identical to physical form of payment.
Topic: Is Bitcoin Money or Currency - page 36. (Read 5735 times)
mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
its the same because money can become a bitcoin and bitcoin can become a money so that is the right answer for that bitcoin is money and money is bitcoin. - a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
I do think that bitcoin forms a medium of exchange for the value and nothing else. It is an asset with store value and this store value can be exchanged with major payment processor, for products and services. People use it to trade and invest into it and also can grow the wealth with it. They have the opportunities to grow money by means of trading, gambling and lending the bitcoin.
So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
I also think in this direction, because Bitcoin is completely different, not real money. To think more easily But in this situation, you need to imagine how old people and children can use the crypto currency. How will they receive knowledge and opportunities for using crypto currency? This is unrealistic. This is just a simple hint of the inability to use Bitcoin for daily purposes.So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
Bitcoin is a digital money/ cryptocurrency that has a big value and you can convert it into cash. so for me btc is both money and currency.- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
I do think that bitcoin forms a medium of exchange for the value and nothing else. It is an asset with store value and this store value can be exchanged with major payment processor, for products and services. People use it to trade and invest into it and also can grow the wealth with it. They have the opportunities to grow money by means of trading, gambling and lending the bitcoin.
So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
I also think in this direction, because Bitcoin is completely different, not real money. To think more easily But in this situation, you need to imagine how old people and children can use the crypto currency. How will they receive knowledge and opportunities for using crypto currency? This is unrealistic. This is just a simple hint of the inability to use Bitcoin for daily purposes.So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
Bitcoin is a digital money/ cryptocurrency that has a big value and you can convert it into cash. so for me btc is both money and currency. - a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
I considered this as money. Because bitcoin and other forms of cryptocurrencies are not accepted in our country, definitely I converted it our local currency so i can spend it in buying goods and some necessities.
Basically bitcoin is an virtual currency circulated over the internet therefore it was being called digital or crypto currency and since it is a currency then it was really a money because we can buy any goods and service to any establishment that accepts bitcoin and besides we can convert it into our local money in order to use in our society.I do think that bitcoin forms a medium of exchange for the value and nothing else. It is an asset with store value and this store value can be exchanged with major payment processor, for products and services. People use it to trade and invest into it and also can grow the wealth with it. They have the opportunities to grow money by means of trading, gambling and lending the bitcoin.
So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
I also think in this direction, because Bitcoin is completely different, not real money. To think more easily But in this situation, you need to imagine how old people and children can use the crypto currency. How will they receive knowledge and opportunities for using crypto currency? This is unrealistic. This is just a simple hint of the inability to use Bitcoin for daily purposes. So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
The definitions of currency and money that you wrote are not entirely accurate and do not exhaustively describe these two term. - a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
Bitcoin is a currency and an investment asset
I do think that bitcoin forms a medium of exchange for the value and nothing else. It is an asset with store value and this store value can be exchanged with major payment processor, for products and services. People use it to trade and invest into it and also can grow the wealth with it. They have the opportunities to grow money by means of trading, gambling and lending the bitcoin.
So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
So what information do we have from this information? I do really think that bitcoin is something different than the money, its not coin, the coin which we see as todays fiat currency and there is no question abut the bank note states for it.
Money is generally define as anything generally acceptable as a medium of exchange which Bitcoin possesses. Currency and money goes hand in hand, a money is encrypt in currency and this differs from one country to the other.
the fact of the matter is that Bitcoin for today is a completely different means, and they are a means for commodity exchange. Most likely this is an opportunity for investment and earnings, as well as for the storage of its capital, but not as a means of payment.
Money is generally define as anything generally acceptable as a medium of exchange which Bitcoin possesses. Currency and money goes hand in hand, a money is encrypt in currency and this differs from one country to the other.
mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
In terms of those decisions it's neither. But there are many differing definitions of money and currency. I would say it's not really either right now but it's closer to being money than currency as I don't think it will ever have a territory or such that formally adopts bitcoin.
As per definition it is closest "currency" because it is a system of money in general use by particular community.
Money is unreal, meaning imaginary, intangible - a concept.
Currency is NOT money, but merely represents money.
Currency is NOT money, but merely represents money.
So, bitcoin is... ?
Bitcoin is a digital cryptocurrency it is also a digital money that can really be converted into different kind of currency that can use to buy thing in a verry simple way.and we can really gain through it in a verry simple way so then i believe that bitcoin is also a money but it is running only through the internet it is really amazing.
mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---
cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
actually the same money and currency, both are things that have value not seen from good or bad physical thing, but the value of the price seen from amount of public trust to that currency
Yeah bitcoin is a currency used as a medium of exchange. Currency is more of a narrow term and money is wider and broader term. Currency comes under money, and thus bitcoin also comes under money. Money includes all types of currencies but crypto currencies aren't officiant considered to be a part of the money supply by any government. It's just that the users have assumed so and we have moved on.
Bitcoin is a small money yet not as for its price but as for its use. It is not that so much used in the internet yet, due to trust levels that businesses have for an unstable cryptocurrency or we can safely say that they have trust level at all cryptocurrency because of its price unpredictability where it might cause crash sometime in a certain period and it will cause their business to fall down. However, it is in fact a currency because it is one of the most widely used currency in the internet (not that really wide but it leads the most).
Bitcoin in my understanding is an abstract value for which people are willing to pay a lot of money. It's something like art objects or antiques.
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